A D E P T Programs Inc
ADEPT Programs Inc: Declining Revenue, High Liabilities, and Inconsistent Program Spending
EIN: 222224271 · Browns Mills, NJ · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $3.6M |
| Total Expenses | $3.5M |
| Program Spending | 75% |
| Net Assets | $1.3M |
| Transparency Score | 65/100 |
Is A D E P T Programs Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
A D E P T Programs Inc directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About A D E P T Programs Inc
A D E P T Programs Inc (EIN: 222224271) is a nonprofit organization based in Browns Mills, NJ. The organization reported total revenue of $3.6M and total assets of $1.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of A D E P T Programs Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
A D E P T Programs Inc is a mid-size nonprofit that has been operating for 47 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.6M |
| Total Expenses | $3.5M |
| Surplus / Deficit | +$170K |
| Total Assets | $1.4M |
| Total Liabilities | $183K |
| Net Assets | $1.3M |
| Operating Margin | 4.7% |
| Debt-to-Asset Ratio | 12.7% |
| Months of Reserves | 5.0 months |
Financial Health Grade: A
In 2023, A D E P T Programs Inc reported a surplus of $170K with revenue exceeding expenses, holds 5.0 months of operating reserves (adequate), has a debt-to-asset ratio of 12.7% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), A D E P T Programs Inc's revenue has grown at a compound annual growth rate (CAGR) of 3.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -18.1% | -15.1% | -10.8% |
| 2022 | +16.1% | +4.2% | +14.0% |
| 2021 | +6.6% | +8.0% | -3.2% |
| 2020 | +19.8% | +8.4% | -2.1% |
| 2019 | +3.2% | +16.3% | -15.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1979 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates A D E P T Programs Inc with a Mission Score of 65 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, A D E P T Programs Inc allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $170K, with revenue exceeding expenses.
- Debt-to-asset ratio: 12.7%.
Executive Compensation Analysis
Executive compensation cannot be assessed from the provided data as specific figures for individual compensation are not available in the filings.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of A D E P T Programs Inc's IRS 990 filings:
- Significant decline in revenue from $4,428,807 in 2022 to $3,628,454 in 2023.
- High and persistent liabilities, exceeding $1 million in 2021 and 2020, and $942,041 in 2022.
- Negative net income in multiple years (e.g., 2021, 2020, 2019, 2017, 2016) suggests operational losses.
- The ratio of liabilities to assets is concerning, with liabilities often approaching or exceeding total assets in several years.
Strengths
The following positive indicators were identified for A D E P T Programs Inc:
- Consistent program delivery over several years, as indicated by ongoing expenses.
- Maintained a relatively stable asset base over the past few years, despite revenue fluctuations.
- No reported lobbying expenses, suggesting resources are directed towards core mission activities.
Frequently Asked Questions about A D E P T Programs Inc
Is A D E P T Programs Inc a legitimate charity?
A D E P T Programs Inc (EIN: 222224271) is a registered tax-exempt nonprofit based in New Jersey. Our AI analysis gives it a Mission Score of 65/100. It has 13 years of IRS 990 filings on record. Total revenue: $3.6M. 4 red flags identified. 3 strengths noted. Financial health grade: A.
How does A D E P T Programs Inc spend its money?
A D E P T Programs Inc directs 75% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to A D E P T Programs Inc tax-deductible?
A D E P T Programs Inc is registered as a tax-exempt nonprofit (EIN: 222224271). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of A D E P T Programs Inc's spending goes to programs?
A D E P T Programs Inc directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is A D E P T Programs Inc located?
A D E P T Programs Inc is headquartered in Browns Mills, New Jersey and files with the IRS under EIN 222224271.
How many years of IRS 990 filings does A D E P T Programs Inc have?
A D E P T Programs Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $3.6M in total revenue.
What does A D E P T Programs Inc do?
A D E P T Programs Inc is a nonprofit organization in the Unknown sector, located in Browns Mills, New Jersey. It is classified under NTEE code Unknown.
How much revenue does A D E P T Programs Inc have?
A D E P T Programs Inc reported total revenue of $3,619,426. Based on 13 IRS 990 filings on record.
What are A D E P T Programs Inc's total assets?
A D E P T Programs Inc holds total assets of $1,773,046 as reported in IRS 990 filings.
Where is A D E P T Programs Inc located?
A D E P T Programs Inc is based in Browns Mills, New Jersey.
What is A D E P T Programs Inc's EIN?
A D E P T Programs Inc's Employer Identification Number (EIN) is 222224271. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is A D E P T Programs Inc?
A D E P T Programs Inc is classified under NTEE code Unknown (Unknown).
Is A D E P T Programs Inc a registered 501(c)(3)?
A D E P T Programs Inc appears in IRS records (EIN: 222224271). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does A D E P T Programs Inc file IRS Form 990?
Yes, A D E P T Programs Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was A D E P T Programs Inc's revenue in 2023?
In the 202312 filing period, A D E P T Programs Inc reported total revenue of $3,628,454, total expenses of $3,458,244, and net assets of $1,438,019.
Is A D E P T Programs Inc's revenue growing or declining?
A D E P T Programs Inc's revenue is declining. Revenue went from $4,428,807 (202212) to $3,628,454 (202312), a -18.1% change. Based on 13 filings on record.
What is A D E P T Programs Inc's most recent 990 filing?
The most recent IRS Form 990 filing for A D E P T Programs Inc covers tax period 202312. It shows revenue of $3,628,454, expenses of $3,458,244, total assets of $1,438,019, and liabilities of $183,255.
How much does A D E P T Programs Inc spend on programs vs administration?
Based on IRS 990 analysis, A D E P T Programs Inc allocates approximately 75% of expenses to program services, 15% to administrative costs, and 10% to fundraising. This indicates strong program focus.
Is A D E P T Programs Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, A D E P T Programs Inc shows mixed signals. Mission Score: 65/100 (Good). 4 red flags identified. 3 strengths noted.
What are the red flags for A D E P T Programs Inc?
The following concerns were identified: Significant decline in revenue from $4,428,807 in 2022 to $3,628,454 in 2023.. High and persistent liabilities, exceeding $1 million in 2021 and 2020, and $942,041 in 2022.. Negative net income in multiple years (e.g., 2021, 2020, 2019, 2017, 2016) suggests operational losses.. The ratio of liabilities to assets is concerning, with liabilities often approaching or exceeding total assets in several years.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are A D E P T Programs Inc's strengths?
Positive indicators for A D E P T Programs Inc include: Consistent program delivery over several years, as indicated by ongoing expenses.. Maintained a relatively stable asset base over the past few years, despite revenue fluctuations.. No reported lobbying expenses, suggesting resources are directed towards core mission activities.. These findings are derived from AI analysis of the organization's financial filings.
How does A D E P T Programs Inc compensate executives?
Executive compensation cannot be assessed from the provided data as specific figures for individual compensation are not available in the filings. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the consistent high liabilities and recent revenue decline, what strategies are in place to ensure long-term financial sustainability and avoid potential insolvency?
The provided data indicates a concerning trend of high liabilities and recent revenue decline. Without further information on financial management strategies, it's difficult to ascertain specific plans. However, a robust strategy would likely involve diversifying funding sources, implementing cost-cutting measures, and actively managing debt to improve the liability-to-asset ratio.
How does the organization plan to address the significant drop in revenue from $4,428,807 in 2022 to $3,628,454 in 2023 to maintain or expand its programs?
The substantial revenue drop in 2023 is a critical issue. To maintain or expand programs, the organization would need to focus on enhanced fundraising efforts, exploring new grant opportunities, and potentially re-evaluating program efficiency to ensure maximum impact with available resources. Understanding the root cause of the revenue decline (e.g., loss of a major donor, economic downturn) would be crucial for effective planning.
Filing History
IRS 990 filing history for A D E P T Programs Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), A D E P T Programs Inc's revenue has grown by 50%, moving from $2.4M to $3.6M. Total assets increased by 26.8% over the same period, from $1.1M to $1.4M. Total functional expenses rose by 41.7%, from $2.4M to $3.5M. In its most recent filing year (2023), A D E P T Programs Inc reported a surplus of $170K, with revenue exceeding expenses. The organization holds $183K in liabilities against $1.4M in assets (debt-to-asset ratio: 12.7%), resulting in net assets of $1.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $3.6M | $3.5M | $1.4M | $183K | — | — |
| 2022 | $4.4M | $4.1M | $1.6M | $942K | — | View 990 |
| 2021 | $3.8M | $3.9M | $1.4M | $1.0M | — | View 990 |
| 2020 | $3.6M | $3.6M | $1.5M | $1.0M | — | View 990 |
| 2019 | $3.0M | $3.3M | $1.5M | $1.1M | — | View 990 |
| 2018 | $2.9M | $2.9M | $1.8M | $988K | — | View 990 |
| 2017 | $2.6M | $2.6M | $805K | $105K | — | — |
| 2016 | $2.6M | $2.6M | $863K | $165K | — | View 990 |
| 2015 | $2.6M | $2.5M | $1.1M | $356K | — | View 990 |
| 2014 | $2.5M | $2.5M | $1.1M | $390K | — | View 990 |
| 2013 | $2.5M | $2.4M | $1.1M | $401K | — | View 990 |
| 2012 | $2.4M | $2.4M | $1.1M | $461K | — | View 990 |
| 2011 | $2.4M | $2.4M | $1.1M | $510K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3.6M, expenses of $3.5M, and assets of $1.4M (revenue -18.1% year-over-year).
- 2022: Revenue of $4.4M, expenses of $4.1M, and assets of $1.6M (revenue +16.1% year-over-year).
- 2021: Revenue of $3.8M, expenses of $3.9M, and assets of $1.4M (revenue +6.6% year-over-year).
- 2020: Revenue of $3.6M, expenses of $3.6M, and assets of $1.5M (revenue +19.8% year-over-year).
- 2019: Revenue of $3.0M, expenses of $3.3M, and assets of $1.5M (revenue +3.2% year-over-year).
- 2018: Revenue of $2.9M, expenses of $2.9M, and assets of $1.8M (revenue +10.9% year-over-year).
- 2017: Revenue of $2.6M, expenses of $2.6M, and assets of $805K (revenue +1.5% year-over-year).
- 2016: Revenue of $2.6M, expenses of $2.6M, and assets of $863K (revenue +0.8% year-over-year).
- 2015: Revenue of $2.6M, expenses of $2.5M, and assets of $1.1M (revenue +1.0% year-over-year).
- 2014: Revenue of $2.5M, expenses of $2.5M, and assets of $1.1M (revenue +1.7% year-over-year).
- 2013: Revenue of $2.5M, expenses of $2.4M, and assets of $1.1M (revenue +1.7% year-over-year).
- 2012: Revenue of $2.4M, expenses of $2.4M, and assets of $1.1M (revenue +1.0% year-over-year).
- 2011: Revenue of $2.4M, expenses of $2.4M, and assets of $1.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for A D E P T Programs Inc:
Data Sources and Methodology
This transparency report for A D E P T Programs Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.